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The deposit for a PCP deal on a 2013 Fiat 500L is £1600, is this reasonable?
The deposit for a PCP deal on a 2013 Fiat 500L is £1600. Is this reasonable?
Asked on 1 October 2017 by J Rowell
Answered by
Honest John
Depends on what you will then pay monthly, totalled up, and the Guaranteed Future Value on the car. Say the car is listed at £16,000, they want £1600 down on a three year plan, the GFV at the end will be £6000, and the monthly payment will be £260. You'll have effectively paid £16,950 for a £16,000 car with no discount.
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